Morning Beats

Foreign carriers dominate as local air travel market shrinks

Poor outing of Nigerian airlines on international routes, has forced the actual air travel market in the country to shrink. Estimates of capacity and frequencies recorded at the airports areGuardian

Regulators yet to conclude deal on sale of 9Mobile

The meeting convened by the Central Bank of Nigeria (CBN), Nigeria Communications Commission (NCC) and other stakeholders to conclude the 9Mobile sales and take a stand on the deal may have ended without any agreement reached.Guardian

LASACO unveils solutions for accident victims

As a strategy of boosting its customer satisfaction drive, LASACO Assurance Plc has unveiled a speedy and more responsive claim settlement solution that would make policyholders get compensation under their motor insurance policies faster.The Nation

Customs arrests 10, seizes contraband worth over N1.1b

Contraband worth N1.1billion were impounded between the middle of last month and the middle of this month by the Federal Operations Unit (FOU) Zone ‘A’ of the Nigerian Customs Service (NCS), its Area Controller Mohammed Uba, said yesterday.The Nation

Fed Govt mulls integrity bonds for contractors

The Federal Government is planning to introduce fiduciary or integrity bond at the point of contract between any of its ministry, agency and department (MDA) and a contractor.The Nation

Insurers to be categorized into tiers from next year

The National Insurance Commission, NAICOM, yesterday, said that as from January 2019, insurance companies in Nigeria will be categorized into Tiers as obtained in the banking sector.Vanguard

NPA, shipping firms struggle over holding bay

The holding bay strategy of the Nigerian Ports Authority, NPA, to stem the tide of container laden trucks congesting Apapa axis and the surrounding territories in Lagos is threatened  by  shipping firms appear to be foot-dragging in compliance.Vanguard

NAICOM raises insurance firms’ capital base to N15bn
The National Insurance Commission has raised the minimum capital base for composite insurance companies (life and non-life underwriters) that want to get licences to underwrite all risks in the country from N5bn to N15bn.

Unemployment, high cost of living, major problems – NBS

The major problems in the country currently are unemployment and high cost of living, the National Bureau of Statistics has said.Punch

Population advantage not being used for economic growth –Dangote

The President and Chief Executive, Dangote Group, Aliko Dangote, on Wednesday said that Nigeria had not taken advantage of its huge population for economic growth, wondering why local content was being relegated while relying heavily on importation of goods and services.Punch

Industrial council moves to improve FTZs’ operations

The Nigeria Industrial and Competiveness Advisory Council has moved to review fiscal arrangements and incentives applicable to the country’s Free Trade Zones.Punch

World Bank portfolio in Nigeria rises to $8.52bn

Nigeria’s liabilities to the World Bank Group now stands at $8.52bn, investigation has shown.Punch

DMO limits FG borrowing to N1.9tn this year

The Debt Management Office has set the maximum limit of $6.25bn (N1.906tn) for the Federal Government’s borrowing in the 2018 fiscal year.Punch